Orlando, FL – June 13, 2022 – Benjamin Blanton, Vice President of Originations at Largo Capital, arranged $6.1MM in non-recourse acquisition financing for a grocery-anchored retail property in Orlando, FL. The asset, totaling 62,460 rentable SF, is currently 97% occupied with a mix of national, regional, and local tenants. The lender was able to lock rate at application which allowed the sponsor to take advantage of low, fixed-rate financing prior to the recent run-up in Treasuries.
Vice President of Originations
The Largo Group of Companies is a commercial real estate firm which structures, closes and services commercial properties for acquisitions, refinance and development projects. With headquarters in Getzville, NY, Largo has been providing innovative debt and equity financing structures for over 30 years throughout the United States and Canada.
Largo has 26 correspondent relationships and offers additional lending sources, providing property owners and developers the full array of financing options.